OKB price soared on Tuesday after OKX introduced a new copy trading feature in its ecosystem. The token surged to a high of $32.5, the highest level since May 2021. It has surged by more than 231% from its lowest point in 2022. OKB has been one of the best-performing cryptocurrencies in the industry.
OKX copy trading feature
OKX is one of the biggest crypto exchanges in the world. At its peak, the company served millions of customers from around the world. It describes itself as the second-biggest exchange in the world by volume.
OKX has achieved this growth through a number of initiatives. For example, it partners with leading teams like McClaren Racing and Manchester United. It also sponsors well-known athletes like Daniel Ricciardo and Ian Poulter.
In a statement on Tuesday, OKX said that it had launched a copy trading tool in its website and apps. The service makes it possible for people to copy trades from other experienced professionals in its ecosystem. It can be used by both experienced individuals seeking to diversify their income.
Inexperienced traders can also use the service to make money without doing the real trading. In a statement, Haider Rafique, the CMO of OKX said:
“In the last year we have added a number of features that make it easy for new traders to follow or learn from other successful traders on the platform. Advancing social trading to include copy trading now adds more utility to the community of traders available to anyone on OKX.
Copy trading is not a new technology. It was initially introduced by eToro, a leading player in the financial services industry. It has then been embraced by leading forex and CFD brokers. OKX is the first crypto exchange to adopt the technology.
OKX is doing well
Data shows that OKX is doing better than other crypto exchanges. Its total assets have rise to more than $7.2 billion, making it the third-biggest exchange after Binance and Bitfinex. Coinbase is not listed by DeFi Llama.
Further, it has seen inflows in the past few months. Its total inflows rose by $44 million in the past 24 hours and by $67 million in the past 7 days. All these factors explain why the OKB token has done better than most cryptocurrencies in the past few months.
IMX Price Double-Tops Ahead of Immutable X Token Unlocks
IMX crypto price pulled back on Friday as investors waited for the upcoming token unlock that is scheduled for Saturday. The token rose to a high of $0.675, which was slightly above the intraday low of $0.6513. It remains a few points below this year’s high of $0.7500.
Immutable X token unlock
Immutable X is a relatively small blockchain that plays an important role in the non-fungible token (NFT) industry. It is a layer-2 network that is focused on the non-fungible token (NFT) industry. A layer-2 network is a sidechain that handles transactions at a faster pace and at lower costs than Ethereum.
These networks, which include networks like Polygon, Arbitrum, and Optimism, handle transactions at a significantly lower cost. That’s because Ethereum is well-known for its substantially slow speeds and high transaction costs.
As a result, Immutable X has become a favorite blockchain for developers to launch their NFT collections. Data compiled by CryptoSlam shows that Immutable X handles tens of millions of NFT collections on a daily basis. In January, it has handled $11.3 million NFTs, lower than the $14 million that it processed in December. At its peak, it was handling over $53 million worth of NFTs per month.
Immutable X’s IMX token price retreated slightly ahead of the upcoming token unlock that will happen during the weekend. A token…
Cardano Price Gains Momentum as DeFi and NFT Ecosystem Wakes Up
Cardano price has been in a strong bullish trend in the past few weeks, making it one of the top-performing cryptocurrencies. ADA, its network token, has risen to a high of $0.39, which was the highest point since November 8. It has jumped by over 58% from the lowest level in 2022.
Cardano DeFi ecosystem rebound
Cardano price has been in a strong recovery as activity in its network do well. Data compiled by DeFi Llama shows that the total value locked (TVL) in Cardano’s DeFi ecosystem has been in a strong recovery as cryptocurrencies rebound. After falling below $60 million in 2022, the TVL has bounced back to about $102 million.
A closer look shows that most DeFi platforms are doing well. For example, MinSwap has seen its TVL jump by over 41% in the past 30 days. It has a market dominance of 31.4%. In the same period, Meld has seen its TVL soar to over$17.59 a million, making it the second-biggest DeFi platform in Cardano.
Other top players in the ecosystem are Indigo, WingRiders, MuesliSwap, and SundaeSwap have all seen their TVLs jump by double-digits, as shown in the chart below.
Aptos Price Continues to Defy Gravity as Activity Rises
Aptos price has been one of the best-performing cryptocurrencies in 2023 as it roared to its highest point on record. APT jumped to a high of $20.45, the highest point on record. In all, it has jumped by more than 493% from the lowest level of all time.
Why Aptos is soaring
Aptos is one of the fastest public blockchains in the world. It is an Ethereum rival that acts as a foundation for developers to build adaptive and high-quality applications across all sectors. The network, which is well-funded, has excellent speeds of more than 10,000 transactions per second.
Aptos has gained a lot of traction in the past few months. A good way to look at it is to consider the volume of assets that have been locked in the ecosystem. Data compiled by DeFi Llama shows that Aptos has a total value locked (TVL) of more than $75 million.
The number of apps in its ecosystem has been on a steady growth in the past few months. According to DeFi Llama, the number of DeFi apps in its ecosystem have grown to 16. It has a total value locked (TVL) of more than $75.65 million, making it one of the biggest players in the industry.
PancakeSwap is the biggest app in its ecosystem with a TVL of over $34 million. This…
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